NL could face lack of gas unless it nationalises Bergen reservoir: Volkskrant


A gasoline reservoir in Bergen might be nationalised to safe gasoline provision for subsequent winter due to a battle with Gazprom, the Volkskrant reported on Friday.

Gazprom has been refusing to replenish the 40% of the reservoir it has beneath its administration since final summer time, a transfer now assumed to be a part of plan to retailer as little gasoline as potential in Europe forward of Russia’s invasion of Ukraine, the paper stated.

If the gasoline provide isn’t topped up within the subsequent few months, the Netherlands may face an absence of gasoline subsequent winter, consultants concern. Both on a nationwide and European degree, international locations have pledged that gasoline storage have to be as much as not less than 80% of its capability this summer time.

The Bergermeer storage location has capability for over 4 billion cubic metres of excessive calorie gasoline, or about 10% of Dutch annual wants.

Now the commercially run storage depot, 40% owned by the Dutch authorities and 60% by Abu Dhabi vitality firm Taqa, has turn out to be the topic of difficult negotiations, the paper stated.

The cope with Gazprom, which runs till 2045, can’t merely be damaged however most important shareholder Taqa may supply the area to different suppliers if it invokes a ‘use it or lose it’ clause.

That will most likely not occur, consultants advised the paper, as a result of Gazprom may demand using the area at any time sooner or later, saddling Taqa with a expensive and time consuming authorized course of.

That leaves shopping for out Taqa as the one sensible answer left for vitality minister Rob Jetten, consultants advised the paper. Such a transfer would go away the Dutch with 100% possession of the reservoir, and permit the state to fill the reservoir with gasoline purchased elsewhere.

A takeover would go well with Taqa, which is reportedly trying to shed its gasoline and oil pursuits in different international locations. The firm didn’t touch upon the story.

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